Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firmsZ Solutions, G SoftwaresandR Mindpoyverrespectively for a decade. The friends decided to float a new software firm namedXY Infotechin January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/-b)Rs. 1,35,000/-c)Rs. 1,39,500/-d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?

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Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firms Z Solutions, G Softwares and R Mindpoyver respectively for a decade. The friends decided to float a new software firm named XY Infotech in January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:

a)
Rs. 1,75,500/-
b)
Rs. 1,35,000/-
c)
Rs. 1,39,500/-
d)
None of the above

Correct answer is option 'B'. Can you explain this answer?

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Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firms Z Solutions, G Softwares and R Mindpoyver respectively for a decade. The friends decided to float a new software firm named XY Infotech in January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of

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Read the passage carefully and answer the questions that follow:Our meritocracy looks to markets to measure merit. Prices—including, crucially, wages—establish what things are worth. Greg Mankiw, who chaired George Bush’s Council of Economic Advisers, captures the ideal in his “principle of just deserts.” Meritocracy holds that “a person who contributes more to society deserves a higher income that reflects those greater contributions.” Moreover, meritocracy measures each person’s contribution as the market value that she adds “to society’s production of goods and services.”But in reality, meritocratic hierarchies now distort market valuations, especially wages. Elites remake work in their own image, to privilege education and skills that only they can afford to acquire. Finance illustrates the pattern. In the mid 20th century, when the Economist called banking “the world’s most respectable dying industry,” those in the field were neither better educated nor better paid than others. Since then, super-educated elites have developed technologies—financial instruments, digital tools and legal regimes—that dramatically favour their own skills. Today, no sector is more closely associated with high wages. But the innovation is not a true advance, and the new style of finance does not make a greater social contribution than the old. The transaction costs of financial intermediation have not declined, and overall financial risk is neither reduced nor better shared.Similar patterns pervade the wider economy. Elites remake work to favour their peculiar skills and then use the enormous incomes that ensue to buy educations for their children that the rest cannot match. Far from correcting itself, meritocratic inequality triggers a feedback loop that undermines meritocracy’s core claims. Merit is an ideology built to launder offensive hierarchies.But,todays distribution of rewards and opportunities is notso repugnant that we need to junk the idea of merit.The meritocratic idea was forged in the revolt against the old society that fixed people’s position at birth, most notably in the French and American Revolutions of the 18th century and the English liberal revolution of the 19th. But things didn’t stop there. Prominent thinkers of the time like Du Bois and Luther King,all rested their arguments on the idea that people should be judged on the basis of their own abilities.I would agree with a reworded version of Mankiw’s principle: someone who contributes more to prosperity deserves a higher income that reflects their greater contribution.There is more to meritocracy than money-making.The meritocratic idea tries to address two of the great problems at the heart of modernity: how do we reconcile the moral equality of individuals with social differentiation? And how do we secure the economic growth that pays for the things we have come to expect, such as social welfare?Meritocracy answers the first question by providing a combination of equality of opportunity and competition. Universal education gives everybody a basic shot at succeeding. Competition allows people to discover their unique talents. And if competition has downsides, they are nothing compared with the risks of allowing talents to go undiscovered.The evidence that meritocracy promotes economic efficiency is overwhelming: meritocratic countries such as Singapore grow more robustly than non-meritocratic ones such as Greece; public companies that recruit people on merit are more successful than family companies that rely on nepotism.The solution to the inequalities produced by meritocracy’s success is to tax the winners rather than to bind Prometheus.Q. The authors view on the principle of just deserts differs from that of Mankiw in which of the following ways?

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Directions: The following pie chart depicts the percentage breakup of power distribution to four states by various electric power companies of India in the year 2017.The second layer of the pie chart depicts the megawatt distribution (in thousands) by the given four power companies. It is also known that these companies distribute power only to the state mentioned and the power distributed to any state by a company is an integral multiple of 1000. These 4 states are mentioned in the outermost layer of the pie chart and get power from those 4 companies only.If the power distributed to Kerala is six times the power distributed to Rajasthan, then the power distributed to Orissa will be

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A, B and C start playing a match-stick game with a total of 50 sticks distributed among themselves, with each having a natural number of match-sticks. As per the game, A starts by distributing match-sticks to B and C such that the number of sticks with B and C doubles respectively. A continues to do so for 4 rounds, after which she has only 2 sticks left and can no longer distribute to keep up the doubling trend for both B and C. If (b, c) represents the possible number of match-sticks that B and C could have at the beginning of the game, then how many combinations of (b, c) are possible? Correct answer is '2'. Can you explain this answer?

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An old woman had the following assets:(

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Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firmsZ Solutions, G SoftwaresandR Mindpoyverrespectively for a decade. The friends decided to float a new software firm namedXY Infotechin January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/-b)Rs. 1,35,000/-c)Rs. 1,39,500/-d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?

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Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firmsZ Solutions, G SoftwaresandR Mindpoyverrespectively for a decade. The friends decided to float a new software firm namedXY Infotechin January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/-b)Rs. 1,35,000/-c)Rs. 1,39,500/-d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firmsZ Solutions, G SoftwaresandR Mindpoyverrespectively for a decade. The friends decided to float a new software firm namedXY Infotechin January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/-b)Rs. 1,35,000/-c)Rs. 1,39,500/-d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firmsZ Solutions, G SoftwaresandR Mindpoyverrespectively for a decade. The friends decided to float a new software firm namedXY Infotechin January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/-b)Rs. 1,35,000/-c)Rs. 1,39,500/-d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.

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Here you can find the meaning of Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firmsZ Solutions, G SoftwaresandR Mindpoyverrespectively for a decade. The friends decided to float a new software firm namedXY Infotechin January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/-b)Rs. 1,35,000/-c)Rs. 1,39,500/-d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firmsZ Solutions, G SoftwaresandR Mindpoyverrespectively for a decade. The friends decided to float a new software firm namedXY Infotechin January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/-b)Rs. 1,35,000/-c)Rs. 1,39,500/-d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firmsZ Solutions, G SoftwaresandR Mindpoyverrespectively for a decade. The friends decided to float a new software firm namedXY Infotechin January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/-b)Rs. 1,35,000/-c)Rs. 1,39,500/-d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firmsZ Solutions, G SoftwaresandR Mindpoyverrespectively for a decade. The friends decided to float a new software firm namedXY Infotechin January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/-b)Rs. 1,35,000/-c)Rs. 1,39,500/-d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firmsZ Solutions, G SoftwaresandR Mindpoyverrespectively for a decade. The friends decided to float a new software firm namedXY Infotechin January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/-b)Rs. 1,35,000/-c)Rs. 1,39,500/-d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CAT tests.

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